Kotak Mahindra Bank installs 24 ATMs across 12 stations of Mumbai Metro

10 Jun 2014 Evaluate

Kotak Mahindra Bank, the private sector lender, has installed a total of 24 ATMs across 12 stations of Mumbai Metro. The Metro services on the 11.4 km-long Versova-Andheri-Ghatkopar section started on June 8. The bank has installed 2 ATMs at every station. Pursuant to this, the total number of the bank’s ATMs now stands at 1,116.

The bank is eyeing to add 134 more ATMs in order to take the tally to 1,250 by the end of this financial year. Besides, the bank is also looking at increasing the number of cash depositing machines from the current 7 to 15 across its various branches in the country by March end.

Further, the bank has opened 70 branches in the fourth quarter of FY14 taking the total branch network to 605 as of end of March 2014. It also plans to expand the branch network to 715 by the end of FY15 and 1,000 by end 2016.

Today, the Kotak Mahindra Bank is one of the fastest growing bank and among the most admired financial institutions in India.

Kotak Mahindra Bank Share Price

1717.00 -9.40 (-0.54%)
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